7-Story Condoplex at 50 Clinton Street Reveals its Brick Facade
Posted on: April 25th, 2017 at 5:04 am by Elie
Three years after Icon Realty sold its parcels at 50-62 Clinton Street to DHA Capital – it was a record $28.95 million transaction – the development it spawned now boasts some visible definition. Yesterday afternoon, the netting on the south side of the building was deposed to reveal the new masonry.
Once complete, the luxury development will house thirty-seven condo units (designed by Paris Forino, if you care about such things) priced between $1.8 and $3 million, 24-hour doorman, gym, and rooftop terraces. There are only five available units that remain for purchase, including the 1,167 square-foot, $3.5 million prized penthouse.
As such, its retail work is apparently complete. Developers behind 50 Clinton Street no longer have use for the sales gallery just up the block.
But there is still plenty of construction work ahead; residents and businesses are stuck holding the bag. Demolition commenced in June 2015, and celebrity broker Fredrik Eklund desecrated the spot while operating a backhoe in head-to-toe Armani. In the intervening years, the constant flow of work between Rivington and Stanton Streets has certainly taken a toll. Several small businesses previously noted a drop in foot traffic due to the bottlenecks and obstructions, and at least one was forced to close (Little Shoe Store). Not to mention the (temporary) loss of public park space in Nathan Straus Playground … and WD-50.
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